MinhDucPham

BITCOIN analysis for the next week

COINBASE:BTCEUR   Bitcoin / Euro
It has been 6 bearish weeks for Bitcoin . Now it's stalling at around 9000 where weekly 20EMA has been acting like a strong level of support ever since. 0.786 Fibonacci level was tested. I do believe that Bitcoin will recover next week with some momentum to the upside. A break and close above the counter trend line and EMA crossover will be a good signal for us to go long on Bitcoin .

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.